Investing Thread

[MU82]

Love him or hate him, Elon Musk has been doing a good job of eliminating  regulators who regulate the industries in which he's involved.

[TSmith34, Inc.]

Love him or hate him, Elon Musk has been doing a good job of eliminating  regulators who regulate the industries in which he's involved.

It's almost like that, along with stealing all of the data on every person in the federal databases, were his actual objectives.

[NCMUFan]

Clearly these folks haven't been listening to the Scoop experts.
https://finance.yahoo.com/news/sell-america-back-massive-debt-080115854.htm

[Uncle Rico]

Walmart needs to listen to Central Planning better.

[Skatastrophy]

Clearly these folks haven't been listening to the Scoop experts.
https://finance.yahoo.com/news/sell-america-back-massive-debt-080115854.htm

That's a dead link.

Is it about america's suddenly soaring debt and our credit rating downgrade?

[tower912]

Investing strategies in the modern era....

Their tariff-ic!

[rocky_warrior]

That's a dead link.

Is it about america's suddenly soaring debt and our credit rating downgrade?

Yeah, I found a similar article, and I think that's what he was linking.  But I'm not sure what he thinks has been said here that disagrees with that article.

¯\_(ツ)_/¯

[MU82]

Walmart needs to listen to Central Planning better.

Following Walmart's announcement that they'll have to raise prices, administration officials were finally admitting that the tariffs will cause prices to rise for American consumers. They claim that the lower price of gas will offset those, but economists say that lower gas prices would only offset 10-20% of overall price increases.

So far, Mr. Market is mostly shrugging off both that news and Moody's credit score reduction. As I write this, the S&P is down less than a quarter of a percent.

[Skatastrophy]

Yeah, I found a similar article, and I think that's what he was linking.  But I'm not sure what he thinks has been said here that disagrees with that article.

¯\_(ツ)_/¯

Yeah, I don't have a problem holding US government debt. But the drastic increase in spending this year and the reduced revenue of the federal government aren't going to make it easier to pay their debt obligations. The rating downgrade makes sense.

[dgies9156]

Yeah, I don't have a problem holding US government debt. But the drastic increase in spending this year and the reduced revenue of the federal government aren't going to make it easier to pay their debt obligations. The rating downgrade makes sense.

Sorry, I don't agree. The U.S. has so many mechanisms to ensure debt gets paid that, if there is credit risk in a Treasury security, God help us!

There is a lot of risk in Treasuries -- interest rate and inflation -- but the U.S. will always pay. Plus, start to think of the assets that the government has to pay back any defaulted Treasury notes and bonds.

If U.S. debt isn't Triple A, nothing is.

[MU82]

Well, dg, you're gonna have to get used to it.

Moody's actually was the third of the major credit agencies to downgrade the U.S. from their highest rankings. Standard & Poor's did so in 2011 in the aftermath of the Great Recession, and Fitch did so in 2023. Around the latter time, Moody's put the U.S. on watch, so it's not as if this were a surprise.

The United States ain't as reliable as we used to be, not with both political parties more than willing to run up the deficit and debt by trillions and trillions (and trillions) of dollars.

[dgies9156]

Well, dg, you're gonna have to get used to it.

Moody's actually was the third of the major credit agencies to downgrade the U.S. from their highest rankings. Standard & Poor's did so in 2011 in the aftermath of the Great Recession, and Fitch did so in 2023. Around the latter time, Moody's put the U.S. on watch, so it's not as if this were a surprise.

The United States ain't as reliable as we used to be, not with both political parties more than willing to run up the deficit and debt by trillions and trillions (and trillions) of dollars.

I think they're missing a lot. The credit grade refers to the probability of default. The U.S. has lots of ways to avoid default, including, God forbid, inflating the currency.

I agree that as a nation we're incredibly ill-disciplined financially. The market will factor an inflation adjustment into a Treasury's pricing.

Keep in mind these are the same rating agencies that graded payment-option ARM MBSs and other questionable mortgage instruments investment grade. That's why I take all this ratings nonsense with a grain of salt.

[Uncle Rico]

Wake up, folks, new tariffs just dropped

[TSmith34, Inc.]

Is it the greatest economy in history yet? Well at least the budget will be balanced, as promised...

And unnatural carnal knowledge, I was planning a whole bunch more sales today. Guess I'll have to wait until the orange pretty boy backs down again.

For those who asked if anyone was getting back into the market, this is why the answer remains no for me.

[Uncle Rico]

Is it the greatest economy in history yet? Well at least the budget will be balanced, as promised...

And unnatural carnal knowledge, I was planning a whole bunch more sales today. Guess I'll have to wait until the orange pretty boy backs down again.

For those who asked if anyone was getting back into the market, this is why the answer remains no for me.

I'm having lunch with Jamie Dimon today.  We'll see what he thinks

[Jockey]

F'ing narcissistic moron.

[tower912]

That narrows it down.

[Skatastrophy]

Talking about the mods

[TSmith34, Inc.]

I'm having lunch with Jamie Dimon today.  We'll see what he thinks

Make sure you tip Herm well

[Uncle Rico]

Make sure you tip Herm well

I just hired him to take care of my summer home

[The Sultan]

I just hired him to take care of my summer home

You can afford better than him.

[Shaka Shart]

Eliminating the PCAOB seems like a choice. I'm guessing the banks wouldn't be too happy about that considering their lending depends on the clean audits.

[Uncle Rico]

You can afford better than him.

He's a DEI hire

[TSmith34, Inc.]

I am not bullish on AAPL right now, but I am likely going to pick up some calls sometime today. Orange Hitler's friends have made their money on the short side, so he'll be caving on these sooner rather than later.

Not that they care anymore, but that's a 150M pissed off iPhone owners.

[MU Fan in Connecticut]

I was at my wire industry trade show last week and I heard from at 3 different people who said the entire steel industry wanted Nippon Steel to purchase US Steel because US Steel is so horrifically corrupted.  To make any deal with them you're dealing with like a crime syndicate of various stakeholders in the company and they needed Nippon Steel to clean it all up.   

My new company is German and even though copper alloy products are excluded from the craziness, I'm already seeing customers looking for product shipped direct to their Mexico location instead of my company warehouse in Charleston.  I'm also seeing customers only buy what they immediately need because they really don't know what or how much to buy.  It's one thing to forecast with a cloudy crystal ball, but another when the crystal ball is completely missing.